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Concepts for Incentivizing Contractor Performance

Publication No
WS10-01
Type
Education Material
Publication Date
Jan 01, 2012
Research Team
RT-114
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DOCUMENT DETAILS
Abstract
Filters & Tags
Abstract
RT-114 was charged with developing a breakthrough approach to compensate contractors based upon the overall business success of a venture. It is important to note that compensation was interpreted broadly to include reward, recognition, payment, futur
Filters & Tags
Knowledge Area
Business and Project Processes, Construction Execution, Procurement & Contracts
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout
Project Function
Project Management, Architects & Engineering, Procurement & Contracts, Construction, External Stakeholders
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Contractor Compensation
Keywords
Contractor Compensation, Project Performance, Incentives, Owner/Contractor Relationship, Compensation Plan, Breakthrough Compensation Strategies, Fee-at-risk, Cash Flow Enhancements, Upfront Payment, rt114

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